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Strategies & Market Trends : SPY & QQQ intraday chart observations by rimshot -- Ignore unavailable to you. Want to Upgrade?

To: rimshot who wrote (384)	2/22/2022 6:30:26 PM
From: ajtj99	1 Recommendation Recommended By rimshot Respond to of 1309

That looks like a H&S top that would target around 423 SPY.

To: rimshot who wrote (384)	2/23/2022 11:13:55 AM
From: rimshot	1 Recommendation Recommended By ajtj99 Read Replies (1) \| Respond to of 1309

3-min SPY chart zoomed to show the price range starting Friday morning and updated through soon after Wednesday's Feb 23 open - * displaying the 5-day look back for Volume by Price profile shown in the right margin 426.27 = daily 21,2 lower Bollinger Band value, as of today's Feb 23 open price action declined and remained steadily below the 21-day SMA starting at Thursday's market open last week** Note - to be consistent with $SPX chart comparisons, the SPY price action is NOT dividend-adjusted for the price impact of quarterly dividends as the StockChart's default setting achieves ... the result is the moving average values shown below as horizontals taken from the daily chart are not the same values as shown at StockCharts.com $OEX 5-min chart for 4-days - stockcharts.com * time stamps are Central time, left mouse click to enlarge chart